Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.


TSXV:OYL - Post by User

Comment by waitingstillon Jun 18, 2023 10:16am
1690 Views
Post# 35502372

RE:RE:RE:RE:government has aproved Wei1 well as appraisal/Exploration

RE:RE:RE:RE:government has aproved Wei1 well as appraisal/ExplorationI believe they reported on the secondary targets because they had the wireline completed and the pay was confirmed. I do not believe they had completed wireline on the primary target so it was not reported so they would not have to make any corrections or put themselves at risk of misleading investors. I believe they will report the primary target pay once wireline complete. If so, I expect a NR this week with that information. Why the company would not wait for those few days and report them together is something you would have to ask Suresh but my guess is that they wanted to confirm reaching TD before the govt released that news to the newspapers and therefore had to provide whatever complete data they had at that time. Hopefully we see good numbers this week!

<< Previous
Bullboard Posts
Next >>